Nano-X stock soars 26% despite widening losses in Q3 earnings report
Nano-X Imaging has reported its latest financial results, showing both growth and challenges. The company’s stock surged by over 26% on Friday after releasing its third-quarter earnings. Despite a widening net loss, revenue rose, and new deals in Europe signal plans for further expansion.
The company’s revenue for the third quarter reached $3.45 million, up 13% from the same period last year. While this fell slightly short of analysts’ $3.5 million estimate, the net loss per share was $0.15—better than the expected $0.19. Still, the non-GAAP net loss deepened to $9.9 million, compared to $8.7 million in the previous year.
With a stock price jump, new European partnerships, and an acquisition to boost AI-driven imaging, Nano-X is positioning itself for growth. The company’s revenue target for 2025 remains ambitious, but its recent moves suggest confidence in long-term expansion. Investors will likely watch how these strategies unfold in the coming quarters.
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